20 Feb 2017
張才奎所託管中國山水投資有限公司股份 AND ANOTHER v. 張才奎 AND ANOTHER
- Citation
- 張才奎所託管中國山水投資有限公司股份 AND ANOTHER v. 張才奎 AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA939/2015
Given material indicating both the 1st defendant and prima facie a large number of plaintiffs opposed the proposed placement and because receivers are interim custodians whose function is to preserve the subject matter of litigation, the receivers were properly directed to exercise the voting rights attached to the CSI shares to seek an adjournment of the CSCG EGM to ascertain plaintiffs' positions and, failing adjournment, to vote against the resolutions; the 1st defendant's application for a direction to abstain was not made out.